Business Daily from THE HINDU group of publications
Tuesday, Nov 13, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Nov 13, 2007 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Money & Banking
-
Forex Rupee weakens by 5 paise Mumbai, Nov 12 The rupee weakened by five paise against the greenback on Monday tracking the weakness in the domestic stock markets. The home currency opened at 39.40 and saw an intra-day high of 39.29 and a low of 39.42 before ending the day at 39.37/38, five paise down from the previous close of 39.32. "The Sensex has been volatile and if this trend continues, the downtrend of rupee may persist," said a dealer with a private bank. Foreign exchange dealers feel that the strengthening of yen against dollar has set a base for the further strengthening of the rupee against the dollar. Dealers expect the rupee to trade in the 39.30- 39.40 range this week. In forwards, the six-month premia closed at 1.52 per cent (1.45 per cent) and the 12-month closed at 1.17 per cent (1.18 per cent). - Our Bureau
More Stories on : Forex
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|